Success is a journey, not a destination!
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Company ProfileCompany Profile
  • History
  • Mission
Information about BulgariaInformation about Bulgaria
  • Some useful facts for investors
  • Main economic data
  • Other facts
  • Entertainment Shops
  • Sex Shop SEXSALE
  • Accounting and Legal Services
  • Foundation Arnica
  • Production of sleeping sets
Contact usContact us
  • GH group LTD
  • Sofia, Bulgaria
All rights reserved by GH group LTD 2004-2015

Company Profile

  • May 2004 – Trade activities start with Arnica company – a shop for rent and sale of movies covering one of the Sofia districts. Arnica company has two employees including the owner, Mr Georgi Hristov.
  • September 2004 – Wholesale trade with computer accessories is launched.
  • 2005 – Two other video shops are opened. An office for accounting and legal services is founded in purpose to serve the needs of Arnica company. Later on the Accounting and Legal Office starts providing services to outside clients. In 2009 it has more than 70 clients outside the group.
  • August 2005 – Retail trade with sex items starts.
  • 2006 – The Company begins import of toweling products and opens its firts store for toweling articles.
  • 2007 – Import of food additives is launched, and in 2008 a procedure for import of medicines is started.
  • 2007 – The copmany purchases a platform for Internet commerce (e-trade know-how)
  • 2007 – Georgi Hristov establishes a Foundation with social useful activities and priorities in the field of popular sport, support and development of yough up to 28 years old and ecological projects.
  • 2008 – Investments in a courier company under franchise for the needs of the Group.
  • September 2008 – A centre for children’s entertainment and a confectionery are opened in Sofia.
  • 2009 – The Company begins import and wholesale of sex items for the territory of the whole country
  • March 2009 – Starts production of sleeping sets /bed linen/
  • September 2009 – The Company starts and develops digital agency Onboxmedia.
  • June 2010 – Start manufacture and import of food supplements and cosmetics.
  • July 2010 – Official representative of Cophasil in Bulgaria.
  • February 2011 – Purchase of a plot of land close to the town of Sandanski with investement purposes, namely developing rural tourism in Arnautski Laki area.
  • October 2011 – Internet Hipermarket "X SALE"
  • December 2011- Start manufacture of boxes and accessories for chess and backgammon
  • February 2012- an online store for Household goods is launched
  • April 2012- purchase a agricultural land near the town of Veliko Tarnovo in order to develop farm activities
  • May 2012- started work massage studio in Sofia city
  • September 2012 - starts production of wood products under the trademark "Oreshak" protected throughout the EU.
  • December 2012 - opening of a two-storey showroom near Business Park Sofia for presenting all products of the holding group.
  • May 2013 – opening a showroom in Oreshak for wood products
  • November 2013 - importer of cosmetics Joy Drops
  • September 2014 - kept the brand Souvenirs from Oreshak and made investments in new production of wood products and household products
  • Development and innovations of the companies in the Group.
  • Exclusive representation and distribution of foreign trade marks and services
  • Acquisitions or participation in perspective companies with growth potential

General Economic Information about Bulgaria

    The minimum wage in Bulgaria for 2014 is 340 Levs per month. From January 1, 2015 it increased to 360 Levs The average monthly salary for the first three quarters of 2014 is 807 Levs. The highest wages in the field of information and creative products (1761 lev monthly). Pay below the average for the first three quarters of 2014 in the following sectors: Restaurants (557 lev monthly), Administration and Administrative Services (560 lev monthly), culture, sport and entertainment (657 lev monthly), Construction (669 Levs . monthly), Agriculture, forestry and Fisheries (675 lev monthly),
    • Average wage per hour in Bulgaria – 2.78 Euro
    • Flat rate tax of 10% for personal incomes since 2008
    • Profit tax of 10 %
    • Value added tax of 20%
    • Since 1997 there is a currency board established against Euro. Currency rate: 1 Euro= 195583 BGN
    • Minimal requirements for entered capital:
    • - Entered capital for registering LTD- 2 BGN
    • - Entered capital for registering JSC- 50 000 BGN
    • Fees for registration:
    • - Upon registration of LTD - 224 lev (state fee application to preserve the company, notarized signature of the Manager, stamp)
    • - Upon registration of JSC - 510 lev (state fee, application)
    • Average monthly expenditures for accounting services- 270 BGN
    • According to preliminary data, the Gross Domestic Product (GDP) in the third quarter of 2014 amounted to 22,838 million at current prices. Seasonally adjusted data show growth of 1.5% of GDP in the third quarter of 2014 compared to the corresponding quarter of the previous year
    • In October 2014 turnover in retail trade, calculated from working day adjusted data, increased by 3.0% compared to the same month of the previous year.
    • Foreign direct investment abroad for the period January - October 2014 were 141.9 million. EUR 135.2 million in. Euros in the same period of 2013.
    • • Foreign direct investment in Bulgaria for the period January - October 2014 were 804.9 mln. Euro (2% of GDP) 1 310.4 mln. Euros (3.2% of GDP) for January-October 2013.
    • In index competitiveness - Bulgaria ranks 54- th of 144 countries according to the World Economic Forum 2014-2015.
    • Bulgaria occupies 42nd place among the countries surveyed 157te and sixth place in the regional ranking by Bloomberg in Eastern Europe for the best places to do business.
    • According to a survey of Google (2013). In Bulgaria penetration of smartphones is 28%. This percentage is equal to approximately 2.3 million. Users.
    • In 2014 Internet users are over 4 million or 59% of the population. Over 60% of them shop online.)
    • Bulgaria has five official international airports- in Sofia, Burgas, Varna, Plovdiv and Gorna Oryahovitsa
    • paved roads are 63% of all roads in Bulgaria
Sources: BNB, Institute for Marcet Economics, World Bank Group Report, Law of Commerce, Law for the Corporate Income, Law on the Personal Income Tax



Office for Accounting and Legal Services

Foundation Arnica

Digital Agency Onboxmedia

Arnautski Laki

Production of souvenirs and wood products

Online store for household goods


Contact us

GH group LTD
Sofia 1582, Bulgaria
Druzhba 2, block 226 - ground floor
Phone: + 359 2491 8875
Fax: +359 2979 1078
Mob.: +359 898 595 136